British Polythene Industries (LSE:BPI) Accounts Receivable : £45.6 Mil (As of Dec. 2015)

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What is British Polythene Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. British Polythene Industries's accounts receivables for the quarter that ended in Dec. 2015 was £45.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. British Polythene Industries's Days Sales Outstanding for the quarter that ended in Dec. 2015 was 41.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. British Polythene Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was £-3.62.

British Polythene Industries Accounts Receivable Historical Data

The historical data trend for British Polythene Industries's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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British Polythene Industries Accounts Receivable Chart

British Polythene Industries Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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47.20

41.80

49.40

47.10

45.60

British Polythene Industries Semi-Annual Data
	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
Accounts Receivable	Get a 7-Day Free Trial															49.40	-	47.10	81.40	45.60

British Polythene Industries Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

British Polythene Industries Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

British Polythene Industries's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	45.6	/	202.5	*	91
=	41.10

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), British Polythene Industries's accounts receivable are only considered to be worth 75% of book value:

British Polythene Industries's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.5	+	0.75 * 45.6	+	0.5 * 81.7	-	174.4
-	0	-	0.4)	/	27.3808
=	-3.62

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

British Polythene Industries Accounts Receivable Related Terms

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British Polythene Industries (LSE:BPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » British Polythene Industries PLC (LSE:BPI) » Definitions » Accounts Receivable

Traded in Other Exchanges

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Address

Website

http://www.bpipoly.com

British Polythene Industries PLC was incorporated on March 16, 1910. It manufactures and supplies polythene films and related products for packaging for the protection of food and other goods. Its products are in use across different market sectors with a focus on agriculture, retail food chain, healthcare and waste services. The Company also engages in recycling of waste polythene film in Europe. The Company has three reportable segments: UK and Ireland, Mainland Europe and North America. UK & Ireland includes all of the UK manufacturing and merchanting activities along with the Irish sales operation which distributes predominately UK manufactured products.It also includes the manufacturing operations in China. Mainland Europe comprises the manufacturing and merchanting activities located in Belgium, the Netherlands and France. North America comprises the manufacturing business in Canada with sales throughout North America and Canada.

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